Risk Management BMA-IBT-10 - Research and interpret the various risks involved in operating a business while determining the role of insurance for a business.10.1 Identify possible business threats and employ risk management strategies and techniques to minimize potential financial loss. 10.2 Identify types of business insurance and the need for insurance in a business. 10.3 Explain basic insurance concepts: insurance, policyholder, premium, probability, risk, claim, coverage, deductible, policy, insured, insurer, and liability. 10.4 Analyze risks to make insurance decisions. 10.5 Explore the various career options associated with the insurance field. All summaries may be written and submitted in the same document, just label each section for the corresponding activity. Activity 1 Review the following Risk Management powerpoints.
BMA-IBT-10 - Research and interpret the various risks involved in operating a business while determining the role of insurance for a business. 10.1 Identify possible business threats and employ risk management strategies and techniques to minimize potential financial loss. 10.2 Identify types of business insurance and the need for insurance in a business. 10.3 Explain basic insurance concepts: insurance, policyholder, premium, probability, risk, claim, coverage, deductible, policy, insured, insurer, and liability. 10.4 Analyze risks to make insurance decisions. 10.5 Explore the various career options associated with the insurance field.
All summaries may be written and submitted in the same document, just label each section for the corresponding activity.
Activity 1
Review the following Risk Management powerpoints.
Activity 2
Read In Case of Emergency: Insurance keeps a bad day from getting worse Write a one paragraph summary of the article.
Activity 3
Complete the activitie on this Teen Risks Worksheet in MS Word.
Activity 4
Complete Allstate’s What’s Your Stuff Worth Activity. Make a screenshot of the end of you game to copy and paste into MSWord to be submitted in the dropbox.
Activity 5
Complete the activitie on this Business Risk Management Plan Activity in MS Word.
Activity 6
Complete the activitie on this Risk Management Unit Activity in MS Word.
Activity 7
Read the Seeds of Hope article and then complete the Worksheet. Copy and paste questions into MS Word to be submitted in dropbox.
Activity 8
Review the Careers in Insurance powerpoint. Write a one paragraph summary of the powerpoint in MS Word. [quiz on this later]